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SBI General Insurance Senior Manager salaries in India (Updated 2025)

Annual salary range
5 - 16 years exp.
₹5 Lakhs - ₹19.8 Lakhs
Salary of majority employees
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45% less than the average Senior Manager Salary in Insurance Companies for 5 - 16 years of experience

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Salaries in different departments

Sales & Business Development
Senior Manager Salary
7 - 16 years exp. (22 salaries)
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₹5 L/yr - ₹17.3 L/yr

BFSI, Investments & Trading
Senior Manager Salary
5 - 16 years exp. (21 salaries)
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₹6.6 L/yr - ₹20.7 L/yr

Marketing & Communication
Senior Manager Salary
10 - 16 years exp. (7 salaries)
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₹10 L/yr - ₹22 L/yr

Risk Management & Compliance
Senior Manager Salary
7 - 14 years exp. (5 salaries)
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₹11 L/yr - ₹15.4 L/yr

Engineering - Software & QA
Senior Manager Salary
11 - 14 years exp. (4 salaries)
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₹14.2 L/yr - ₹15.2 L/yr

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Last Updated: 12 Mar 2025

Companies similar to SBI General Insurance for Senior Manager

Company name Avg Annual Salary Open Jobs
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₹3.3 L/yr - ₹10.6 L/yr

arrow icon 43% less
1 job opening
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HDFC Life Senior Manager Salary

2 - 20 years exp. (585 salaries)

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₹9 L/yr - ₹24.5 L/yr

arrow icon 15% more
2 job openings
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₹11 L/yr - ₹26.9 L/yr

arrow icon 47% more
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Axis Max Life Insurance Senior Manager Salary

3 - 17 years exp. (330 salaries)

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₹8.6 L/yr - ₹32 L/yr

arrow icon 51% more
3 job openings
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Tata AIA Life Insurance Senior Manager Salary

8 - 19 years exp. (231 salaries)

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₹10.8 L/yr - ₹42 L/yr

arrow icon 106% more
7 job openings
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₹6.4 L/yr - ₹13.8 L/yr

arrow icon 33% less
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₹8.5 L/yr - ₹22.5 L/yr

arrow icon 11% more
1 job opening
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₹3.5 L/yr - ₹10.7 L/yr

arrow icon 31% less
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PNB MetLife Senior Manager Salary

6 - 16 years exp. (108 salaries)

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₹4.5 L/yr - ₹18 L/yr

arrow icon 8% less
2 job openings
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₹4 L/yr - ₹17 L/yr

arrow icon 21% less
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MetLife Senior Manager Salary

10 - 18 years exp. (90 salaries)

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₹19 L/yr - ₹48.4 L/yr

arrow icon 195% more
1 job opening
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₹10 L/yr - ₹31.5 L/yr

arrow icon 65% more
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₹4 L/yr - ₹15 L/yr

arrow icon 31% less
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₹10.5 L/yr - ₹23 L/yr

arrow icon 35% more
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₹6 L/yr - ₹24.5 L/yr

arrow icon 22% more
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₹4 L/yr - ₹17.4 L/yr

arrow icon 18% less
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₹3.5 L/yr - ₹14.4 L/yr

arrow icon 30% less
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₹10.1 L/yr - ₹21.7 L/yr

At par
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Shriram Life Insurance Senior Manager Salary

1 - 18 years exp. (25 salaries)

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₹4.3 L/yr - ₹15 L/yr

arrow icon 27% less
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AIG Senior Manager Salary

9 - 21 years exp. (21 salaries)

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₹18.5 L/yr - ₹35.1 L/yr

arrow icon 146% more
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Senior Manager salary at SBI General Insurance ranges between ₹5 Lakhs to ₹19.8 Lakhs per year for employees with experience between 5 years to 16 years. Salary estimates are based on 96 latest salaries received from various employees of SBI General Insurance.

Latest annual salaries shared by SBI General Insurance Senior Manager

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14 years exp.
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16 years exp.
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14 years exp.
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11 years exp.
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10 years exp.
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10 years exp.
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Experience wise SBI General Insurance Senior Manager salaries

Last Updated: 12 Mar 2025

Experience Avg Annual Salary
5 years  (7 salaries)

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₹10 L/yr - ₹13 L/yr
6 years (AmbitionBox Estimate)

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₹10 L/yr - ₹21.1 L/yr
7 years  (4 salaries)

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₹9.4 L/yr - ₹12 L/yr
8 years  (7 salaries)

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₹7.5 L/yr - ₹13.4 L/yr
9 years  (7 salaries)

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₹6.5 L/yr - ₹18 L/yr
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Similar Designation salaries in SBI General Insurance

Store Manager Salary
(4 salaries)
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₹6.7 L/yr - ₹26 L/yr
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₹14.2 L/yr - ₹25 L/yr
Deputy Manager Salary
(158 salaries)
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₹3.7 L/yr - ₹9.68 L/yr
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₹5.2 L/yr - ₹9.3 L/yr
Sales Manager Salary
(19 salaries)
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₹2 L/yr - ₹6.22 L/yr
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₹4.4 L/yr - ₹6.15 L/yr
Branch Manager Salary
(7 salaries)
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₹6.5 L/yr - ₹10.5 L/yr
Area Manager Salary
(6 salaries)
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₹8.98 L/yr - ₹15.2 L/yr
Marketing Manager Salary
(AmbitionBox Estimate)
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₹9.7 L/yr - ₹12.4 L/yr
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₹4 L/yr - ₹15.1 L/yr

Salary related reviews for SBI General Insurance

3.1

Rated by 16 employees for salary & benefits

Full Time

 · 

Business Development Department

2.0
  •  posted on 17 Sep 2022

2.0
 for  Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

read more
  • Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

read more
  • Salary - Poor
  • +4 more

Full Time

 · 

BFSI, Investments & Trading Department

3.0
  •  posted on 29 Apr 2023

3.0
 for  Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

read more
  • Job security - Good
  • +1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

read more
  • Skill development - Bad
  • +2 more

Full Time

 · 

BFSI, Investments & Trading Department

5.0
  •  posted on 05 Jul 2021

5.0
 for  Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

read more
  • Salary - Excellent
  • +6 more

Full Time

 · 

Insurance Department

5.0
  •  posted on 07 Jun 2021

4.0
 for  Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

read more
  • Salary - Good
  • +6 more

Customer Success, Service & Operations Department

5.0
  •  posted on 16 Mar 2022

4.0
 for  Salary and Benefits

Likes

It my pleasure to work with Reputed company like SBIG, As we grow old here we learn soo many things about banking as,it's very friendly atmosphere to work there .

read more
  • Salary - Good
  • +5 more

Dislikes

Here we see lot of ups and downs and unhappy with Salary hike ,and Soo much off technical issues ....and when things start going gud tat time only company doo one or other changes..... that will impact soo much

read more
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SBI General Insurance Senior Manager Salary FAQs

What is the salary of Senior Manager at SBI General Insurance ?
The average salary of a Senior Manager at SBI General Insurance in India typically ranges from ₹5.0 Lakhs to ₹19.8 Lakhs per year, depending on experience (from 5 years to 16 years).

The top 10% of Senior Manager at SBI General Insurance earn more than ₹19.8 Lakhs per year, and the top 1% earn over ₹27.2 Lakhs per year. Senior Manager Salaries at SBI General Insurance can be higher or lower depending on factors such as the specific team, level of experience, and additional benefits like bonuses and stock options.

These estimates are based on salary data submitted by 90+ SBI General Insurance employees in India.
What is the estimated take home salary of a Senior Manager at SBI General Insurance in India?
The estimated take-home salary of a Senior Manager at SBI General Insurance in India typically ranges from ₹85,910 to ₹88,160 per month. This is based on the average salary range of ₹5.0 Lakhs to ₹19.8 Lakhs per year for employees with experience ranging from 5 years to 16 years.The take-home salary is calculated after accounting for standard deductions such as taxes, provident fund (PF), and insurance. Salary estimates are based on 90+ salaries received from various employees of SBI General Insurance. Check how we calculate in-hand salary with our in-hand salary calculator.
Which companies offer higher salaries than SBI General Insurance for Senior Manager in India?
Chubb ₹28.0 Lakhs to ₹51.0 Lakhs per year
Principal Global Services ₹32.0 Lakhs to ₹50.0 Lakhs per year
MetLife ₹19.0 Lakhs to ₹48.4 Lakhs per year
AIG ₹18.5 Lakhs to ₹35.1 Lakhs per year
Swiss Re ₹10.3 Lakhs to ₹45.0 Lakhs per year

These companies are known for offering competitive compensation packages that can exceed the salary offered by SBI General Insurance, depending on the role and experience level.
What is the salary of a Senior Manager in companies similar to SBI General Insurance in India?
The salary of a Senior Manager at companies similar to SBI General Insurance in India varies, depending on the role, experience, and company size. Here are the typical salary ranges:

Allianz ₹24.0 Lakhs to ₹30.0 Lakhs per year
Tata AIA Life Insurance ₹10.8 Lakhs to ₹42.0 Lakhs per year
AXA ₹20.0 Lakhs to ₹26.5 Lakhs per year
Star Union Dai-ichi Life Insurance ₹10.0 Lakhs to ₹31.5 Lakhs per year
Allianz Partners ₹10.8 Lakhs to ₹27.0 Lakhs per year

These companies, which operate in similar sectors, offer competitive salaries, although the range can vary based on the company and individual experience levels.
How the salary growth look like for a Senior Manager at SBI General Insurance in India?
The salary growth for a Senior Manager at SBI General Insurance depends on factors such as experience, performance, and promotions. On average, a Senior Manager can expect the following growth trajectory at SBI General Insurance:

Experience Average Salary Range
5 years ₹10.0 Lakhs to ₹13.0 Lakhs per year
6 years ₹10.0 Lakhs to ₹21.1 Lakhs per year
7 years ₹9.4 Lakhs to ₹12.0 Lakhs per year
8 years ₹7.5 Lakhs to ₹13.4 Lakhs per year
and so on.

Tell us how to improve this page.

SBI General Insurance Senior Manager salary in India ranges between ₹5 Lakhs to ₹19.8 Lakhs with an average annual salary of ₹unlock blur. Salary estimates are based on 96 SBI General Insurance latest salaries received from various employees of SBI General Insurance.